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Trump wins presidency for second time

(thehill.com)
1796 points koolba | 1 comments | 06 Nov 24 06:49 UTC | HN request time: 0.207s | source
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drawkward ◴[06 Nov 24 15:33 UTC] No.42063854[source]▶
It's the economy, stupid:

-Inflation is not prices; it is the rate of change in prices. Low inflation doesn't imply low prices. -Aggregate statistics don't necessarily explain individual outcomes.

The Dems failed on this count massively, and have, for maybe the last 40 years, which is about the amount of time it took for my state to go from national bellwether (As goes Ohio, so goes the nation) to a reliably red state. This cost one of the most pro-union Senators (Sherrod Brown) his job.

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UncleOxidant ◴[06 Nov 24 18:23 UTC] No.42066822[source]▶
> The Dems failed on this count massively

What was their failure here? The failure to explain to the economically illiterate that while inflation is now about where it was prior to covid that prices won't be going down (unless there's some sort of major recession leading to deflation)?

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1. epolanski ◴[06 Nov 24 20:59 UTC] No.42069294[source]▶
Inflation happened globally not just in the US.

Also salaries in US kept with the inflation while globally they didn't.

The US economy is doing great, but inflation doesn't make it feel like it.

I myself feel it.

I'm not from US, I'm European and make around $110k per year.

Yet I skip on 5€/kg tomatoes even though I made 28k just 3 years ago and they costed half of it.